CG Power signs fiscal support agreement for ₹7,600 crore semiconductor OSAT project in Gujarat

India Semiconductor Mission, CG Power and Industrial Solutions Ltd. and CG Semi Pvt. Ltd. signed a Fiscal Support Agreement on January 17, 2025, for a semiconductor OSAT facility in Sanand, Gujarat, with a total investment of approximately ₹7,600 crore. The project is in partnership with Renesas Electronics America Inc. and Stars Microelectronics (Thailand) Public Co. Ltd.

“Marking a significant progress in India’s journey to develop a robust semiconductor manufacturing ecosystem, a Fiscal Support Agreement (FSA) was signed by India Semiconductor Mission, CG Power and Industrial Solutions Ltd. and CG Semi Pvt. Ltd., on January 17, 2025.”pib.gov.in

• 1 source
• pib.gov.inPress Release:Press Information BureauJan 17, 2025

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